Applicability of ind as
This query is : Resolved
10 July 2014
In the budget announced today, has the adoption of Indian accounting standards converged with IFRS made mandatory from FY 17?
10 July 2014
the ans is no as there is no such announcment.
10 July 2014
Just to clarify, the announcement is very much part of the budget speech. And adoption of IFRS onverged standards is recommendatory from FY 2015-16 and mandatory from FY 2016-17. please revisit the budget speech.
10 July 2014
but yet there is no annuncement for effective date of such announcement of applicability of ind as and its still recommendary...i have the full budget speech in my hand....
10 July 2014
Recommendatory from FY 2015-16 and mandatory from FY 2016-17. This is also in line with the MCA's notification.
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